Home Depot Showing Entry Signs and AWS Named Provider for PGA Tour
Home Depot, Inc., regularly known as Home Depot, is the biggest home improvement retailer in the United States, providing apparatuses, construction items, and services. The organization is based in Cobb County. It is also one of the biggest companies in the U.S. with a market cap of around $300 billion. Home Depot is also often viewed as connected to the U.S. housing market due to what it provides.
During the COVID-19 market crash, Home Depot traded as much as 43% below its 52-week high. But after the uptrend began, shares formed a flat base with a 293.05 buy point, according to IBD MarketSmith chart analysis. Moreover, just recently on Feb. 23, Home Depot reported their Q4 in which earnings grew 16% and revenue rose 25%. This year, Guggenheim also upgraded Home Depot from neutral to buy with a 310-price target.
Amazon is a multinational company based in Seattle, Washington, focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon’s cloud computing service is known as Amazon Web Services (AWS). AWS, as a subsidiary of Amazon, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments.
Yesterday, AWS was announced as the official cloud provider PGA professional golf tour. PGA will use Amazon’s machine learning, storage, and analytics to rapidly process and provide footage from their tournaments. AWS CEO, Andrew Jassy, is excited about the partnership with PGA, explaining: “Our collaboration with the TOUR will change the way that fans will be able to connect with the sport by giving them real-time access to virtually every moment on the course and letting them determine how they experience the game.”
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